Adani Ports and Special Economic Zone to raise Rs. 10000 crores

The Board of Directors of Adani Ports and Special Economic Zone Ltd at its meeting held on May 03, 2016 has accorded approval for seeking approval of the shareholders at the ensuing annual general meeting to raise funds by issue of Equity Shares / convertible Bonds through Qualified Institutional Placement [QIP] / GDR / ADR / FCCBs / FCEBs / Convertible Securities for an aggregate amount upto Rs. 10,000 Crores.

The Board will also consider issue of Secured / Unsecured Redeemable Non-Convertible Debentures on private placement basis within the overall borrowing limits of the Company.

Shares of ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. was last trading in BSE at Rs.235.9 as compared to the previous close of Rs. 233.65. The total number of shares traded during the day was 574043 in over 8919 trades.

The stock hit an intraday high of Rs. 242.2 and intraday low of 233. The net turnover during the day was Rs. 137110419.

Source : Equity Bulls

Keywords